StockNews.com Downgrades Digital Turbine (NASDAQ:APPS) to Sell

Digital Turbine (NASDAQ:APPS - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Thursday.

Other analysts have also recently issued research reports about the stock. Bank of America downgraded shares of Digital Turbine from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $3.50 to $1.00 in a report on Friday, November 15th. Craig Hallum dropped their price target on Digital Turbine from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Finally, Macquarie reduced their price objective on Digital Turbine from $3.00 to $2.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $2.38.

Digital Turbine Price Performance

NASDAQ:APPS traded down $0.13 during trading hours on Thursday, hitting $2.81. The stock had a trading volume of 5,710,636 shares, compared to its average volume of 4,110,894. The company has a 50 day simple moving average of $3.16 and a two-hundred day simple moving average of $2.72. The firm has a market capitalization of $295.07 million, a price-to-earnings ratio of -0.93 and a beta of 2.43. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.06 and a quick ratio of 1.06. Digital Turbine has a one year low of $1.18 and a one year high of $6.86.

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Digital Turbine (NASDAQ:APPS - Get Free Report) last posted its earnings results on Wednesday, February 5th. The software maker reported $0.05 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.08). Digital Turbine had a positive return on equity of 3.41% and a negative net margin of 64.06%. Research analysts forecast that Digital Turbine will post -0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in Digital Turbine during the 4th quarter worth approximately $28,000. Creative Planning purchased a new stake in shares of Digital Turbine during the third quarter valued at approximately $57,000. Plancorp LLC bought a new position in shares of Digital Turbine in the fourth quarter worth approximately $35,000. US Bancorp DE increased its stake in shares of Digital Turbine by 37.7% in the third quarter. US Bancorp DE now owns 26,561 shares of the software maker's stock worth $82,000 after buying an additional 7,266 shares during the period. Finally, ProShare Advisors LLC raised its holdings in Digital Turbine by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 27,024 shares of the software maker's stock valued at $46,000 after buying an additional 8,892 shares during the last quarter. Hedge funds and other institutional investors own 63.66% of the company's stock.

Digital Turbine Company Profile

Digital Turbine, Inc, through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media.